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VisionChina Media to Acquire Digital Media Group for US$160 ...

BEIJING, — VisionChina Media Inc. (”VisionChina Media” or the “Institution”) (Nasdaq: VISN), one of China’s largest out-of-where it hurts digital goggle-box advertising networks on rally transportation systems, today announced an treaty to buy Digital Media Assemblage (”DMG”), a Mr Big in China’s tunnel mobile telly advertising Stock Exchange. The affair will produce the largest and most exhaustive mobile goggle-box advertising network in China, furthering VisionChina Media’s target of becoming the superior digital boob tube dais reaching daytime audiences in China.

The amount to examination for the matter is US$160 million in mazuma change and shares blood-money by the Following to appropriate shareholders of DMG in three installments over two years including the first installment of US$100 million expenditure at the closing of the proceeding. Two resulting installments of US$30 million each will be paid on the first and another anniversaries, individually, of the closing of the arrangement. Of the approve US$100 million, US$40 million will be paid in money and US$60 million will be paid in shares.

The doings has been approved by both companies’ boards of directors and is expected to finish, susceptible to to the close of habitual due diligence and closing conditions in the first locale of 2010.

Upon closing, the combined society will handle bus networks in 18 of China’s most affluent cities, including Beijing, Guangzhou and Shenzhen. The combined suite will also have singular underpass networks in eight key cities in China, including all four of China’s Row I cities, Beijing, Guangzhou, Shenzhen and Shanghai, as well as on Hong Kong’s Airport Specific underscore. According to Analysys Supranational, VisionChina Media operated 42.1% of the digital mobile goggle-box screens and DMG operated 8.1% of the digital mobile video receiver screens in China in the first half of 2009. The combined South African private limited company will equip a bright programme for the big-spell evolvement of the nationwide digital mobile boob tube exertion in China.

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